In this Australian Investors Podcast episode, your hosts Pete Wargent from Allen Wargent Property Buyers and Owen Rask from Rask Media discuss their respective journeys and whether it’s a good time to buy property or shares. They also look through a few case studies and how each cohort might like to invest in the current environment, be it in property, or shares, or both.

This episode was originally featured on the Australian Finance Podcast.

Here’s a summary of everything they discuss:

Latest podcast news – nearly 457k monthly downloads

Latest business and markets news from Owen & Pete

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Pros and cons of property and shares

Super is massive in Australia too

Buy a home and then what?

Maybe best to have a balance of all of the above?

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Let’s look at a few case studies

1 Accountant – maybe risk averse, sensitive to cashflow, often owns a home and would like to add one rental, and contribute to super, $1m budget typical for a professional buying a house as an investment

Different personality types

Analytical/thinker – good saver – risk averse - suited to shares

2 Doctor – often earn higher incomes, tolerance for some risk, they want high growth assets. Some healthcare professionals need trusts for asset protection e.g. surgeon, anaesthetist. Can scale a portfolio quickly, and can tolerate some negative cashflow

High income earner – achiever, goals focussed - tolerance for risk – may want to use leverage to build a property portfolio

3 Tradie – often have good skills and are decisive. Have skills to add value to properties and have a good eye for a deal. Some of the best investors are tradies. Good incomes very often and an entrepreneurial spirit

4 Entrepreneurs – difficulties with borrowing capacity, feast and famine. Hard to know whether to invest in self, business, or property and shares. Property is good for people who find it hard to save and invest regularly, after the initial up-front costs. Shares require some savings discipline. Borrowing capacity tends to come and go so need to be strategic and invest when you can

Entrepreneur – freedom focussed - with lumpy income? It depends. Property debt can be a noose, but can also be forced discipline. Shares are more liquid and could be sold quickly in a crisis.

Prof Scott Galloway. Credentialled – degree - stock options. Equity. Bonuses.

“Build business and buy real estate” – Kiyosaki

Our kids – University or not?

Some thoughts on our respective journeys

Listener questions – send them in

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Rask Resources

Pete's Buyers Agency: ⁠https://www.allenwargent.com.au⁠

Alcove mortgage broking: ⁠https://www.raskmedia.com.au/services/mortgage-broking⁠

Amy Lunardi Buyers Agency (Melbourne) ⁠www.amylunardi.com.au⁠

All services: ⁠https://bit.ly/R-services⁠

Financial Planning: ⁠https://bit.ly/R-plan ⁠

Invest with us: ⁠https://bit.ly/R-invest⁠

Access Show Notes: ⁠https://bit.ly/R-notes⁠

Ask a question: ⁠https://bit.ly/R-quest⁠

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): ⁠https://www.rask.com.au/fsg⁠

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